Indiana § 27-13-13-4 Income from deposits; replacing deposits

Indiana Statutes

§ 27-13-13-4 — Income from deposits; replacing deposits

Indiana § 27-13-13-4

Title 27INSURANCE

Art. 13HEALTH MAINTENANCE ORGANIZATIONS

Ch. 13Protection Against Insolvency; Deposit Requirements

This text of Indiana § 27-13-13-4 (Income from deposits; replacing deposits) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 27-13-13-4 (2026).

Text

(a)All income from deposits made under this chapter is an asset of the organization that made the deposits.

(b)A health maintenance organization that has made a deposit under this chapter may replace the deposit or any part of the deposit with an equal amount and value of:

(1)cash;

(2)certificates of deposit;

(3)United States government obligations acceptable to the commissioner;

(4)any other securities acceptable to the commissioner; or

(5)any combination of subdivisions (1) through (4).

(c)Any obligations of the United States government must be approved by the commissioner before being deposited or substituted under this chapter.

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(a) All income from deposits made under this
chapter is an asset of the organization that made the deposits.
(b) A health maintenance organization that has made a deposit
under this chapter may replace the deposit or any part of the deposit
with an equal amount and value of:
(1) cash;
(2) certificates of deposit;
(3) United States government obligations acceptable to the
commissioner;
(4) any other securities acceptable to the commissioner; or
(5) any combination of subdivisions (1) through (4).
(c) Any obligations of the United States government must be
approved by the commissioner before being deposited or substituted
under this chapter.